Axis Bank Insta Easy Credit Card – Features, Eligibility & How to Apply

Fearing debt, 28-year-old software engineer Ravi never used credit cards. The Axis Bank Insta Easy Credit Card, which is granted against a set deposit, presented him with a risk-free chance.

He obtained a ₹40,000 credit limit and started an FD of ₹50,000. It became clear that it had no yearly fees, guaranteed approval, and an interest-free period of up to 50 days. He took advantage of reward points, a 1% fuel surcharge waiver, and 15% restaurant savings when he used it for dining, shopping, and petrol.

He could control his expenditure within months and even exchange his points for a fitness tracker. Thanks to this card, he was able to save wisely, have financial flexibility, and have a hassle-free credit experience.

Key Highlights of Axis Bank Insta Easy Credit Card

The Axis Bank Insta Easy Credit Card is a secured credit card issued against a fixed deposit (FD) with Axis Bank, offering a range of features and benefits:

• Guaranteed Approval: Since the card is backed by an FD, approval is assured without the need for extensive credit checks.
  
  
• No Joining or Annual Fees: The card comes with zero joining and annual fees, making it cost-effective for users.
  
  
• Flexible Credit Limit: The cardholders can access up to 80% of their FD's principal amount as their credit limit, providing flexibility based on the deposit.
  
  
• Interest-Free Period: You can enjoy a grace period of up to 50 days on purchase transactions, allowing effective cash flow management.
  
  
• Reward Points: You can earn 6 reward points for every ₹200 spent domestically and 12 reward points for every ₹200 spent internationally.
  
  Additionally, you will receive 100 reward points on your first online transaction.
  
  
• Dining Discounts: You can avail a minimum 15% discount at partner restaurants across India through the Axis Bank Dining Delights program.
  
  
• Fuel Surcharge Waiver: Benefit from a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, with maximum benefits up to ₹400 per statement cycle.
  
  
• Global Emergency Assistance: Access Visa International Global Card Assistance Services worldwide, including emergency card replacement and cash advances.
  
  
• Security Features: The card is equipped with a chip and PIN system, ensuring enhanced security against fraud and duplication.

Applicants must have a fixed deposit with Axis Bank between ₹20,000 and ₹25 lakh and be at least 18 years old to qualify. Interestingly, no further paperwork is needed in addition to the bank's current KYC data.

For those who want the advantages of a credit card with the protection and guaranteed approval of a fixed deposit, this card is the perfect choice for you.

Axis Bank Insta Easy Credit Card Cashback and Rewards

Axis Bank Insta Easy Credit Card Fees and Other Charges

Late Payment Fee Applicable on Axis Bank Insta Easy Credit Card

Axis Bank Insta Easy Credit Card Pros and Cons

An Axis Bank fixed deposit is used as collateral for the secured Axis Bank Insta Easy Credit Card. Here are some of its pros and cons to consider:

Pros:

• Guaranteed Approval: The card is backed by a fixed deposit, its approval is almost certain, making it accessible for individuals without a prior credit history.
  
  
• No Annual or Joining Fees: The card comes with zero annual and joining fees, making it a cost-effective option.
  
  
• Flexible Credit Limit: Cardholders can enjoy a credit limit of up to 80% of their fixed deposit’s principal amount.
  
  
• 100% Cash Withdrawal Facility: Users can withdraw up to 100% of their credit limit in cash from day one.
  
  
• Interest-Free Period: It offers a grace period of up to 50 days on transactions, provided there are no outstanding dues.
  
  
• Dining Discounts: You can enjoy a minimum 15% discount at partner restaurants across India.
  
  

• Fuel Surcharge Waiver: You receive a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.
  
  

Cons:

• Fixed Deposit Requirement: To be eligible, applicants must maintain a fixed deposit with Axis Bank, which might limit fund accessibility.
  
  
• Moderate Reward Rate: Earn 6 reward points per ₹200 spent domestically and 12 points per ₹200 on international spending, which may be lower compared to other cards.
  
  
• High Finance Charges: Finance charges are 2.50% per month (34.49% per annum) on outstanding balances, which can accumulate quickly if not paid off monthly.
  
  

• Foreign Currency Markup: A 3.50% fee is applied to all foreign currency transactions, making it less ideal for international use.
  
  

• Limited Additional Benefits: If we compare it to other credit cards, the Insta Easy Credit Card offers fewer perks such as travel privileges or insurance coverages.
  
  

Eligibility Criteria for Axis Bank Insta Easy Credit Card

• Primary cardholders must be between the ages of 18 and 70 years.
• Add-on cardholders must be over 18 years of age.

Income Criteria:

• Salaried: Net annual income of ₹12 lakh and above.
• Self-Employed: Net annual income of ₹15 lakh and above.
• The applicant must be a resident of India.
• Fixed Deposit Requirement: A minimum FD of ₹20,000 is required to be eligible for the card.
• The FD should have a minimum tenure of 1 year.

Required Documents to Apply for Axis Bank Insta Easy Credit Card

The following documents are required for the application:

• Photocopy of PAN card or Form 60.
• Latest payslip, Form 16, or IT return copy as proof of income.
• Proof of residence (e.g., Passport, Driving License, Electricity Bill, Landline Telephone Bill).

How to Apply for an Axis Bank Insta Easy Credit Card

Here is a step-by-step guide for an Axis Bank Insta Easy Credit Card:

Step 1: Click on the link to visit the official website.

Step 2: You will see the option “Apply Now.”.

Step 3: Click on it, and a new page will open. On this page, you will be asked whether you are an existing customer.

Step 4: If you click ‘No,’ a new page will open, and you will be asked to fill in the required fields, such as the mobile number linked to the Aadhar card, PAN number, and net annual income, and enter the captcha.

Step 5: Click on Next.

Step 6: If you answer yes as an existing customer, you must first fill in the required fields. The mobile number is linked to the Aadhar card, PAN number, and net annual income; the captcha is entered.

Step 7: Click on Next. On the next page, you will be given offers specially made for you. Finally, proceed towards the third step to complete the application.

Axis Bank Insta Easy Credit Card Customer Care

You can contact Axis Bank customer service using the following methods if you need help with your Axis Bank Insta Easy Credit Card:

Phone Banking Numbers:

• Toll-Free Numbers: 1800 209 5577 / 1800 103 5577
• Standard Numbers: 1860 419 5555 / 1860 500 5555
  
  

Please note that depending on your service provider, calls to the normal numbers may result in fees. Retail phone banking services are accessible at these numbers.

Emergency Helpline:

To report the loss of your credit card or for other urgent matters, you can contact the 24/7 emergency helpline at:

• Emergency Helpline Number: +91 22 6798 7700
• This number is accessible both within India and from abroad. 
  
  

Blocking Your Credit Card:

• If you need to block your credit card, you can do so by sending an SMS:
• SMS Format: BLOCK [last 4 digits of your credit card number]
• Send to: 5676782

Ensure that you send this SMS from your registered mobile number. Alternatively, you can block your card through Axis Mobile or Internet Banking, or by calling the customer care numbers mentioned above.

Conclusion

Travel-focused, the Axis Bank Atlas Credit Card offers several exclusive perks and rewards to make your travels more enjoyable. When cardholders spend money, they accrue EDGE Miles that may be exchanged for airfare, hotel reservations, and other travel-related services. The card has Silver, Gold, and Platinum rewards, each offering increasing benefits as you move up the ranks. 

The additional benefits include the ability to transfer EDGE Miles to partner reward programs, dining privileges, and access to domestic and international airport lounges. Because of these qualities, the Atlas Credit Card is an attractive option for frequent travellers who want to get the most out of their purchases. 

FAQs Related to Axis Bank Atlas Credit Card

Q. What are the tiers of the Axis Bank Atlas Credit Card?

As cardholders go through several tiers, the Axis Bank Atlas Credit Card's tiered rewards structure is intended to increase perks. There are three levels:

• Silver Tier (Base Tier): This is an entry-level tier is for all new Atlas Credit Cardholders.
• Gold Tier: Cardholders can advance to the Gold Tier by accumulating a specified number of EDGE Miles through spending.
• Platinum Tier (Top Tier): This is the highest tier, offering the most exclusive benefits. Cardholders reach the Platinum Tier by earning a higher threshold of EDGE Miles.

Increased EDGE Miles earning rates, improved travel benefits, and access to premium services are just a few of the increasing benefits offered by each tier. Cardholders may keep an eye on their progress and current tier status through the Tier Dashboard on the Axis Bank Mobile App.

Q. How do I redeem my Axis Atlas Credit Card EDGE Miles?

You can use the EDGE Miles you've accrued with the Axis Bank Atlas Credit Card. One of the simplest methods is to utilise the Axis Bank Mobile App, which allows you to view the EDGE Miles dashboard and use the "Book Now" option to exchange miles for experiences, lodging, and flights. Each EDGE Mile is worth ₹1 when using the app to book travel. Transferring EDGE Miles to affiliated hotels and airline loyalty programs is another well-liked redemption option.

One EDGE Mile, for instance, can be exchanged for two ALL (Accor Live Limitless) Reward points or transferred to Club ITC, Marriott Bonvoy, or Vistara. Sign in to your Axis Bank account, select your selected partner program, and follow the instructions to finish the transfer. 

It's crucial to remember that EDGE Miles cannot be paid and that some transactions—like those converted to EMI—may result in the miles being deducted. Visit the official Axis Bank website or contact customer service to explain the redemption procedure and review your alternatives thoroughly.

Q. Can I use my Axis Atlas Credit Card outside of India?

The Axis Atlas credit card is accepted anywhere in the world. However, there will be a 3.5% foreign exchange markup fee for all payments made in a foreign currency.

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